A monthly timesheet serves specific purposes. Two of its most important functions include proper project management and improved quality assurance. As you may be aware, freelancing relies mostly on delivering quality work. Clients need to know that they can expect quality in all projects you’re hired to handle. For these reasons, it’s important to understand the role that a monthly timesheet template plays in your business. You also have to know how to prepare a good timesheet that governs the work that takes place in your business each month.
The timesheet helps you to save two things: time and money. Business owners must be on top of everything that’s happening in their organizations. They can never afford to be ignorant or indifferent, especially where their employees are concerned, for even a second. That said, most of them have difficulties micromanaging the workers. A good tool to have is the monthly timesheet template. It does all the employee micromanaging the owners are unable to do because of other crucial responsibilities too.
You have a few options where employee tracking is concerned. The first option is to introduce the sort of devices that could make your employees feel uneasy. You could also opt to install performance trackers all over the office. CCTV and surveillance systems could also work here. These options are all fine, effective but too costly. A monthly timesheet, on the other hand, isn’t anywhere near as costly as these other alternatives. In this regard, it is likely to be just as effective while saving you a ton of money that your business needs.
It’s important to note that monthly timesheet template also helps you to monitor productivity thus reducing or eliminating waste of time by your staff. Wasting time at work has grown into one of the biggest issues of our times. It is a growing epidemic. Solutions to this problem are required as quickly as possible. Otherwise, businesses would be at a great risk of collapsing. The timesheet would help you understand why and how your workforce seems to be wasting too much time at work. It’s easier to come up with solutions once you understand the problem.
As the owner of the business, a bit of empathy could make you a better leader. The monthly timesheet template provides the information that you can use to improve your leadership skills. This document gives you an understanding of the hours and effort your employees are putting in each month at work. Through it, you can identify the best workers and reward them accordingly. You can use this information to have a session with the less productive workers, so you understand the reasons for their not-so-impressive performances.
Do you run an agency? If yes, it would be good to know that timesheets can enable you to run it better. How does it do that? First, it makes you able to bill correctly. It empowers you to track the cost of each project. It provides some powerful insights and stats you can use to boost the productivity of the entire workforce. The timesheets encourage you to invest in excellent HR, which can then enable your business to save huge sums of money. That last sentence reinforces the money-saving aspect of the timesheet.
Let your employees know that you value the monthly timesheet template. Let them see you make decisions and implement strategies or introduce changes based on the data you obtain from the timesheet. The employees are likely to respond to the timesheet positively when they see you doing the same. The love for the timesheet template has to start from the top before it can spread to the entire office. Use it to introduce and reward honesty, transparency, productivity, hard work and innovation.